Economy

• Friday, October 1st 2010 - 05:13 UTC

  Labour market recession ‘worsening’; recovery delayed until 2015

  

  A new report by the research arm of the International Labour Organization (ILO) says a long “labour market recession” is worsening the social outlook in many countries.

• Friday, October 1st 2010 - 04:56 UTC

  Piñera promises actions to weaken the Chilean peso in next year’s budget

  

  Chilean president Sebastian Piñera on Thursday reiterated that next year's budget would aim to ease a rapidly appreciating currency that is hurting the country’s exporters.

• Friday, October 1st 2010 - 02:16 UTC

  Brazil’s September inflation up 1.15% pushed by food and raw materials prices

  

  Brazil’s broadest measure of inflation rose the fastest since May in September. Construction, consumer and wholesale prices, as measured by the IGP-M index, rose 1.15% this month.

• Friday, October 1st 2010 - 01:58 UTC

  JBS meat group regrets investing in Argentina because of lack of sufficient cattle

  

  JBS the world’s leading meat producer and distributor said it “temporarily” regrets having invested in Argentina since the lack of sufficient prepared cattle has forced the closure of several plants and the redundancy of 480 workers.

• Thursday, September 30th 2010 - 04:46 UTC

  Peru, Chile, Colombia integrate stock-exchange operations

  

  Integrated Peruvian, Chilean and Colombian stock-exchange operations are set to begin November 22 announced the president of Peru's stock exchange Roberto Hoyle who said that the integration would attract investors and increase competitiveness .“The integration will be an important step to increasing attractiveness and competitiveness, as well as greater capital flows,” said Hoyle.

• Thursday, September 30th 2010 - 02:49 UTC

  Chilean exporters want government support to face weakening US dollar

  

  Chilean exporters associations of farmers and manufacturers announced they will be requesting government intervention in the foreign exchange market because the “cheap” dollar is threatening their competitiveness edge and profits.

• Thursday, September 30th 2010 - 02:32 UTC

  IMF calls for tighter supervision of credit rating agencies

  

  Credit rating agencies need tighter supervision because their activities have a strong impact on funding costs for debt issuers and can affect financial stability, the International Monetary Fund said.

• Thursday, September 30th 2010 - 02:24 UTC

  Beef to become ‘the salmon of fifty years ago’ and the ‘caviar of the future’

  

  The Food and Agriculture Organization, FAO, forecasts that beef will become an extremely luxury good world wide by 2050 because of soaring production costs.

• Thursday, September 30th 2010 - 00:51 UTC

  Latinamerican banks meet in Punta del Este to analyze post-crisis opportunities

  

  More than 1500 participants from the banking world are expected to attend the November assembly of the Latinamerican Federation of banks, Felaban, to be held in Punta del Este, Uruguay.

• Wednesday, September 29th 2010 - 19:15 UTC

  Latam forecasted to grow 5.5% to 6% this year, spurred by Mercosur members

  

  World Bank's Chief Economist for Latin America and the Caribbean Augusto de la Torre said that the Latin American economy will grow between 5.5 and 6% this year spurred mostly by a good performance from Mercosur members.